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MarketScreener Homepage  >  Equities  >  Buenos Aires Stock Exchange  >  Grupo Supervielle S.A.    SUPV   ARGRSU300079


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Grupo Supervielle S A : Bolsillo Digital, and the City of Mendoza join forces to boost and promote commercial activity

12/02/2020 | 08:33am EDT

Alliance agreement aims to promote financial inclusion by advancing the commercial development of small and medium-sized businesses

Buenos Aires, November 27, 2020 - Argentina Grupo Supervielle S.A. (NYSE: SUPV) (BYMA: SUPV), ('Supervielle' or the 'Company'), a universal financial services group headquartered in Argentina with a nationwide presence, announced today that its subsidiary Bolsillo Digital SAU entered into an alliance with the Municipality of the city of Mendoza (Province of Mendoza) to bring an agile and simple payment solution to local businesses. Through this alliance, businesses will be able to sell their products and services without a sales commission and with interest-free installment plans for both themselves and their clients. Supervielle customers will have access to special benefits within the Bolsillo Digital business network.

With this initiative Supervielle seeks to promote the development of local economic activity, through a technological solution that supports small and medium-sized businesses with their integration of the digital payment system so that they can operate easily at any time with the convenience of their mobile phone. Merchants may receive payments for their products or services through debit or credit cards both in person or with a payment link. In turn, funds from sales will be credited to the virtual wallet of each business, contributing to reduce the use of cash.

On the other hand, businesses will be able to use the balance on the app to carry out transactions, such as recharging the SUBE card (public transportation card) or cell phone and, in turn, will have the possibility of requesting a prepaid card to make subscriptions, withdrawals and purchases.

'This agreement allows us to offer businesses in these challenging times, an innovative solution that offers multiple functionalities designed for this segment. We are confident this initiative will contribute to streamline daily operations and provide new opportunities to users through simple and humanized solutions,' noted Diego Juarez, Means of Payment Experience Leader at Banco Supervielle.

Edgardo Carbone, Divisional Manager of Banco Supervielle, commented: 'We are convinced that, this alliance with the Municipality of Mendoza City will provide businesses with access to new technological tools that will allow them to increase sales in a safe, reliable and agile way.'


Grupo Supervielle SA published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 13:32:00 UTC

© Publicnow 2020
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Sales 2021 52 558 M 567 M 567 M
Net income 2021 12 740 M 137 M 137 M
Net Debt 2021 - - -
P/E ratio 2021 5,40x
Yield 2021 1,11%
Capitalization 23 042 M 249 M 249 M
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Nbr of Employees 4 943
Free-Float 86,5%
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Grupo Supervielle S.A. Technical Analysis Chart | MarketScreener
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Mean consensus SELL
Number of Analysts 4
Average target price 55,17 ARS
Last Close Price 50,45 ARS
Spread / Highest target 43,7%
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Julio Patricio Supervielle Chairman & Chief Executive Officer
Mariano Biglia Chief Financial Officer
Sergio Mazzitello Chief Technology Officer
Esteban Nicolás D´Agostino Chief of Operations & Central Services
Moira Almar Compliance Officer
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